Description

Agricultural biotechnology is a collection of scientific procedures and tools that can be used on living organisms or plants or on both simultaneously to improve agricultural crop productivity. Agricultural biotechnology is majorly used to alter the genome sequence of crops and those crops can be termed as transgenic or genetically modified crops. This has benefitted farmers, producers and in turn consumers with high crop yield and good food quality. The agricultural biotechnology market has been classified based on applications into transgenic crops and synthetic biology-enabled products and tools.

The report comprises of an executive summary, which includes a market snapshot that provides overall information of the various application segments for 2012 and 2019. It also analyzes the global agricultural biotechnology market with respect to regions and application segments. It provides market share of regions and applications for 2012 and 2019.

Demand for food production has increased significantly due to rise in global population. This is one of the major drivers for growth in the agricultural biotechnology market. In addition, regulatory support in the Americas and Asia Pacific is expected to boost market growth in the next few years. Rising demand for biofuels is further boosting the market.

This report analyzes and estimates the global agricultural biotechnology market in terms of revenue (USD Million) from 2012 to 2019. The forecast period of the market is from 2013 to 2019. The market is segmented on the basis of application as transgenic crops and synthetic biology-enabled products and tools. Transgenic crops are further analyzed into major crop types as corn, soybean, cotton and others. Each of the mentioned applications is estimated and forecasted into major geographic regions as North America, Europe, Asia Pacific and Rest of the World. This market research study provides detailed quantitative and qualitative information about regional specific application segment.

The study includes a detailed analysis of each stage of the value chain. It also provides information about value added from supplier to end user industries and degree of integration. Additionally, it analyzes major driving and restraining factors of the global agricultural biotechnology market and their impact in the next few years. It also highlights opportunities during the forecast period. The report comprises of Porter’s five forces model in order to study the degree of competition in the market and the bargaining power of suppliers, bargaining power of buyers, threat from new entrants and threat from substitutes with its effect on the overall market during the forecast period. The report also includes market share of the companies present in the market in 2012. The study also comprises of market attractiveness of the agricultural biotechnology applications for the next few years. Market attractiveness has been calculated based on market size, growth rate and other socio-economical factors.

The report also includes company profiles of major players in the market. Company profiles include company overview, product portfolio, financial overview, business strategies, SWOT analysis and recent developments. Major participants analyzed in this report include Monsanto, Syngenta, Bayer CropScience, DuPont Pioneer Hi-Bred, Vilmorin, Dow AgroSciences, Evogene, KWS SAAT Ag, Certis and Mycogen Seeds among others.

We have evaluated the market value and qualitative factors such as company market share and application share with the help of secondary and primary research. Primary research includes interviews and discussions with key opinion leaders from wide range of companies. Secondary resources include agricultural biotechnology company websites, annual reports, market analysis articles, the U.S. Department of Agriculture, the U.S. Food and Drug Administration, Environmental Protection agency, news articles and press releases related to agricultural biotechnology market.

The global agricultural biotechnology market has been estimated and forecasted using top-down approach for estimating and forecasting by geography and bottom-up approach for estimating and forecasting by application.

This report segments the global agricultural biotechnology market as follows:

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Agricultural biotechnology is a collection of scientific tools that can be used on living organisms or plants to improve agricultural productivity. Agricultural biotechnology is majorly used in transgenic or genetically modified crops. This has benefitted farmers, producers and as well as consumers in terms of high yield and crop quality. The agricultural biotechnology market can be classified on the basis of applications into transgenic crops and synthetic biology-enabled products and tools.

Rising demand for transgenic crops due to increase in demand for food is anticipated to drive the global agricultural biotechnology market. Growing demand for biofuels due to depleting conventional resources is further boosting the global agricultural biotechnology market. However, strong opposition of GM crops in Europe is estimated to hamper market growth. Moreover, the patent-protected industry is likely to inhibit the growth of the market. Large number of research and development activities is carried out in Asia Pacific and Africa. This is likely to provide more opportunities for players in the market.

Transgenic crops emerged as the largest application segment of the global agricultural biotechnology market in 2012. Rising demand for food production coupled with decrease in arable land is anticipated to drive the transgenic crops application. Transgenic seeds offer higher crop productivity than conventional seeds. Application of biotechnology on agricultural products through genetic modification or engineering has resulted in the development of transgenic crops from transgenic seeds. This has led to higher yield, longer shelf life, resistance to pests and high nutritional value, thereby reducing the supply-demand gap for food grains. Hence, transgenic crops account for majority share of the overall agricultural biotechnology market and are widely adopted in developed as well as developing countries. Synthetic biology-enabled products and various tools used in agricultural biotechnology held a smaller share of the market in 2012.

Soybean and corn are the most widely consumed GM crops globally. Rising demand for animal feed due to increasing consumption of meat is expected to drive the market for these crops. Soybean is anticipated to be the fastest growing crop in the next few years. Corn is used in various industrial applications apart from its consumption as grain in the production of biofuels, bioplastics, etc. Cotton is widely used in Asia due to high demand from the textile industry. Other crops such as sugarcane, sugar beet and canola held nearly 10% of the overall market in 2012.

The global agricultural biotechnology market was dominated by North America due to high cultivation of GM crops and acceptance of these crops by consumers. Biotechnology companies are spending 15–20% of revenues on R&D activities. Companies are establishing R&D centers in Asia Pacific in order to keep pace with the competition. The region is expected to grow significantly in the next few years due to rising demand for food and other bio-based products. There is hardly any production of GM crops in Europe due to stringent regulations and strong opposition from consumers. Hence, the market is estimated to grow at a moderate rate. Brazil is the next growth engine of the agricultural biotechnology market (after the U.S.). Large scale production of transgenic crops is expected to drive the rest of the world market during the forecast period.

The global agricultural biotechnology market is consolidatng as the top three seed manufacturing companies accounted for nearly 48% of the market in 2012. Furthermore, large players are acquiring small regional players or collaborating with research institutes or large crop growers in order to expand their market share and gain competitive advantage by their presence across the value chain. Major players in the market include Monsanto, DuPont, Syngenta, Bayer CropScience, Dow AgroSciences, Vilmorin, Certis USA, Evogene Ltd, and KWS SAAT AG among others.

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